Constructing firm Zadro Constructions goes into voluntary administration
- Development firm went beneath
- Zadro Constructions went into voluntary administration
One other building firm has gone into voluntary administration with all its employees laid off.
Western Sydney-based firm Zadro Constructions went beneath final month with Grant Thornton appointed as directors on September 15.
All seven employees have been made redundant consequently.
‘The directors held discussions with key clients relating to choices to restructure the corporate’s affairs and full initiatives underway,’ a Grant Thornton spokesperson mentioned.
‘Whereas discussions relating to the way forward for the initiatives are persevering with, it seems unlikely that the enterprise will recommence buying and selling and all employees (seven) have been formally terminated.’
Extra to come back
One other building firm has gone into voluntary administration with all its employees laid off